Yes indeed. bitcoin has no competition because it is the main and still the most used cryptocurrency in the market. I don’t think that the altcoins are competitors because they can’t be a competitor since they are just created because they stole ideas of bitcoin and they can’t stand alone without bitcoin.
I am agree that today bitcoin is on the top among other crypto currencies. I count all this as trying to repeat the succes of bitcoin, but till now no one could come even a bit close to bitcoin’s results. That is today’s situation and who knows what is going to be in future?! I support the idea that one day it may appear another crypto currency which will be able to solve all minuses of bitcoin and become mass adopted.
Actually, there are many altcoins have been developed to encounter bitcoin and solve the problem which bitcoin currently burdens and unfortunately, even if they have solved all the problem that’s not what make the coin becoming as popular as bitcoin.
And just for your information, sometimes those altcoins’ dev are actually not aiming to be as success as bitcoin because they just have far little chance, some of them even consider that if the price of their coins in the market were at least above what they offer in ICO,it’s sign of success.
Published at Sun, 12 Mar 2017 03:06:54 +0000
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